ACCOUNTING CONCEPTS 0.0 / 5 AccountingAccounting conceptsASAQA Created by: chloebuckbyCreated on: 14-09-15 10:41 6327145 Across 1. the lower of the cost and NRV (8) 4. business and the owner have different identities (7) 5. items grouped together (11) Down 2. should be recorded in the year they take place (8) 3. the business is more than likely going to continue trading (5, 7) 6. once the concept is chosen it should not change (11) 7. no personal opinions should help valuations (11)
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